Is the UK About to Hit the Wall?
The UK is in sorry shape…..and is looking like the canary in the economic coal mine.
Read more...Category Archives: Currencies
Washington, Brussels Set Sights on TurkStream Pipeline Amid Crackdown on Ankara-Moscow Cooperation
By Conor Gallagher At the beginning of this year there were four pipelines carrying natural gas from Russia to Europe, and a fifth (Nord Stream 2) was about to come online. Now Nord Stream 1 and 2 are dead, the Yamal Pipeline is closed, and the amount of gas flowing through Ukraine is greatly diminished. […]
Read more...The Inevitable Financial Crisis
We’re again in the Wile E Coyote phase of a financial crisis, but this time, the real economy problems are far worse than in 2008.
Read more...Michael Hudson on The Euro Without Germany
Conor: Germany’s swift demise reminds me of the German intelligence agent Bachmann in “A Most Wanted Man.” He’s led to believe he’s operating on an equal level with CIA and British intelligence only to realize too late he was being played the whole time. Hudson gets to the bottom of what Germany’s downfall will mean […]
Read more...Russia Seeking UN Security Council Meeting Over Nord Stream “Act of International Terrorism.” What Else Might Russia Do?
Russia is almost required, if nothing else for domestic political reasons, to Do Something about the Nord Stream attacks. But what exactly?
Read more...Mission Accomplished: “Super Mario” Draghi’s Legacy and the Italian Election
Turnout in Italy’s election was the lowest since WWII as voters lose faith in a system unable to reverse a declining standard of living.
Read more...Satyajit Das: Emerging Market Crisis Pathologies
Why emerging markets look set to suffer a world of hurt.
Read more...Michael Hudson on Student Debt Relief, Inflation, Ukraine Disaster Capitalism, Petrodollar Challenge
Michael Hudson gives a newswap with Ben Norton: student debt forgiveness, inflation, Ukraine, dollar rows, and the death of the Queen
Read more...Memo to China: You Look Silly When You Threaten to Dump Treasuries
If China intends to cov the West, it needs to pick things it could do that would incur real damage. Selling Treasuries it not that.
Read more...Michael Hudson: American Diplomacy as a Tragic Drama
American policies have become astonishingly obvious about not simply putting the US first, but also exploiting supposed partners to do so.
Read more...Behind the Crisis in Sri Lanka – How Political and Economic Mismanagement Combined to Plunge Nation into Turmoil
Some background on the escalating crisis in Sri Lanka and what might come next.
Read more...Dollar Diplomacy: Michael Hudson and Steve Keen on Real Progressives
A wide-ranging and free-wheeling discussion of money, oligarchy, trade, China, the future of the dollar….with an eye to MMT.
Read more...Leverage & Interconnectedness Are Blowing Up Crypto & DeFi
What’s different this time: Stuff blows up because of leverage and cascades through the crypto space because everything’s interconnected.
Read more...Michael Hudson: From Junk Economics to a False View of History – Where Western Civilization Took a Wrong Turn
Hudson reviews how economics has misrepresented the evolution of money and land ownership and promoted oligarchy.
Read more...The Coming Sanctions-Induced Economic Tsunami?
It does not take much in the way of prognostication skills to anticipate that things can get way way worse on the economic front.
Read more...